Large white combined manufactured home with a-frame roof

Welcome to the New Age: Millennials are Buying Manufactured Homes in Droves

With manufactured homes, there is no longer merely the “one-size-fits-all” modular home unit anymore. There are a wide array of floor plans, countless styles, models, colors, accessories, skirtings, extensions, etc. to buy or include with your newly purchased manufactured home.

Manufactured Homes Are Making a Comeback with Millennials

Today, manufactured homes are built in factory-controlled settings and are no longer completely synonymous with the single-wide and double-wide park model type of construction that is ubiquitous throughout mobile home parks across the United States.

Thanks to the implementation of the Department of Housing and Urban Development’s federal building code, safety and construction standards regarding the development, delivery, and setup of manufactured homes were greatly improved for all factory-built manufactured and modular homes, and mobile homes as well.

With manufactured homes, there is no longer merely the “one-size-fits-all” modular home unit anymore. There are a wide array of floor plans, countless styles, models, colors, accessories, skirtings, extensions, etc. to buy or include with your newly purchased manufactured home.

The ability to have a new home designed and built precisely to the home buyers’ desires and requirements is one of the enormous advantages of buying a new manufactured home.

Buying or Building: Are Manufactured Homes Worth the Price

Welcome to the New Age: Millennials are Buying Manufactured Homes in Droves -

Manufactured home construction is completed to order under safety standards developed by the Department of Housing and Urban Development. Purchasers are offered a big selection of layout, a wide variety of essential functions, amenities like modern kitchens and spacious bedrooms, code compliance with local building codes, upgrades, and designs.

Personalization alternatives to match a property buyer’s vision are somewhat familiar to many manufactured home builders. Luckily, you likely will never have to spend as much on these items as you do in a typical site-built home.

For many Americans, their home is their most valuable asset. Contrary to the popular concept of a manufactured home, prefabricated homes will, in fact, appreciate and depreciate at or near the very same rate as a site-built home.

If this is something you worry about, during the process to purchase the mobile house, be sure to hire an inspector who is fully insured If possible, don’t forget to ask the inspector if they have any home inspection guarantees that would apply to you? Think about the following.

In August of 2018, a report by the Urban Institute released by the FHA had suggested manufactured homes had seen a price index growth rate of 3.4% that year. This 3.4% manufactured home price index growth rate is in direct comparison to the 3.8% for site-built homes.

Recently, home appraisal prices have actually increased at a faster rate for manufactured homes than they have for standard, stick-built, or site-built homes.

Manufactured Home Floor Plans

Modern manufactured home floor plans are offered in multiple square footages using the same products as a similar stick or site-built house.

With the quality of construction, excellence in safety, facilities, energy efficiency, and an appearance superior or equal to a comparably sized site-built home, manufactured types of housing can afford you the lifestyle you want.

Customizable designs, great cost-savings, and performance standards that will keep you and your family safe for years to come (mind you, this does not take into consideration the land which you intend the home to rest on), all with an acquisition expense of 35% – 55% less than comparable site-built homes. This is what it means to be a manufactured homeowner.

Manufactured Home Prices

With all of the affordable housing options for manufactured home style, size, layout, and everything else, there is no longer a need to penny-pinch constantly just to hopefully one day save up enough to buy the house you want.

You can now purchase manufactured homes of similar, if not higher quality, than their site-built counterparts for only a fraction of the cost! You can’t beat it!

The typical expense of, let’s say 1800 sq.ft., four-bedroom, 2 bath multi-section manufactured homes is right around $78,000 when consisting of minimal upgrades, standard delivery, and setup.

Even with the addition of several updates and customizations that are widely available for manufactured homes, the total price would likely be less than $100,000 … Ready to live in.

Manufactured Vs Traditional Home Price Changes Over Time

Lately, manufactured homes are rapidly ending up being the preferred choice of countless Americans who have discovered today’s contemporary manufactured home is everything a home ought to be.

In a research study by the National Association of Realtors, 87% of those polled pointed out homeownership as being one of the top requirements for defining “the great life.”

Manufactured homes provide you with all of the amenities and functionality a modern-day American wants for quality of life and homeownership.

Welcome to the New Age: Millennials are Buying Manufactured Homes in Droves -
Graphic provided by https://www.urban.org/urban-wire/new-evidence-shows-manufactured-homes-appreciate-well-site-built-homes

The figure above reveals the two indexes expressed as year-over-year house cost modifications, which show the higher volatility of the manufactured home index.

Although the more restricted number of manufactured home observations could explain part of this.

Quarterly fluctuations have been removed from the data set, which has been cataloging and taking a deeper look at year-over-year changes in the manufactured home’s data set.

More significantly, if we look at the typical change over the whole duration that the Federal Housing Agency tracks both indices, the nationwide housing index has an average annual development rate of 3.8 percent versus the manufactured home index at 3.4 percent.

These results turn out to be not enough to claim a significant difference between the change in the price index of manufactured homes and that of site-built homes, although the prefabricated houses appear to appreciate in value more gradually.

Energy-Efficient Manufactured Homes for Sale

But what about environmental features for manufactured homes? Just what eco-friendly features can these types of homes offer potential homeowners today?

Manufactured homes naturally use eco-friendly construction materials, and manufactured house builders utilize only what the property owner needs, and no more than. Modular homes likewise use many energy-efficient green structure techniques that can turn your house into quite a sustainable resource.

Green Home Solutions for Manufactured Homes in 2021

To implement green home solutions in your house, think about equipping your manufactured home with green products such as self-generating photovoltaic panels.

Considering how new technological advancements, which have allowed technology of this kind to drastically be minimized in size and weight over recent years, what once was very difficult to do, if only for lack of products and availability of these once large panels, going green is much simpler than ever before.

Welcome to the New Age: Millennials are Buying Manufactured Homes in Droves -
Though manufactured homes may have many different addons or amenities you can purchase to affect the eco-friendliness of your home, having your entire roof and then some be converted into photovoltaic panels might just be going a little overboard for the typical homeowner/buyer…

When compared to standard houses, modular homes need less raw material, are built inside a clean factory and require less space. It’s easy to see how manufactured homes leave the small ecological footprint that many are now looking for in the America of today.

Speak with your regional manufactured home dealership about green structure strategies for your brand-new made house.

Additional possible amenities include insulated windows, energy-efficient doors, timed thermostats, on-demand hot water heaters, energy-efficient lighting, and home appliances.

You could even have a geothermal heat pump installed! These are still only just a few of the many ways to ensure the home will be as energy efficient as you would like it to be.

Manufactured Homes for Sale Near Me

When it comes to the Western United States, there are a few big contenders in the prefab homes industry.

If you live on the West Coast of the U.S. and are in the market for one big helping of the American Dream, contact one of these manufactured homes dealers to get your dream home picked out!

Any one of these great manufactured home dealers, builders, and retail warehouses will be a great choice for new manufactured homeowners.

By working between these 4 manufactured home dealers on the West Coast, I fully believe there is no way you would not be able to find your dream home!

Get started on your American Dream today! Contact the above listed manufactured home dealers to learn more about what they can all do for you.

Why Manufactured Homes Have Become A Blessing To A Generation of Millennials

When it comes down to it, standard site-built homes are getting more and more expensive all the time.

In the millennial generation, there aren’t a lot of people who find themselves in a position to be able to afford your standard single-family home and mortgage given their current circumstances.

Thanks to the proliferation of sizes, types, styles, colors, designs, amenities, and what have you else, an accepting new culture where manufactured homes are not seen as the grimy, dingy broken down trailers from years ago as they have been portrayed in movies and T.V. has been allowed to be born!

This has led to a more widely accepted idea of manufactured homes as a viable option for homeownership.

Manufactured homes are a viable money-saving alternative when compared to more expensive site-built homes, and maintenance, upkeep, and functionality all rival that of your typical site-built or balloon-framed dwellings of the past, if not exceed them entirely!

So let me ask you then; “What’s keeping you from becoming a homeowner through the purchase and acquisition of the personally designed and custom-built manufactured home of your dreams?!?!”

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JDFerris
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